BeInCrypto Editors Ask Experienced Experts For Shiba Inu Prediction For April 2023. We tell you what SHIB rate investors should expect
Shiba Inu forecast for April
The opinions of our interlocutors about what April will be like for the SHIB cryptocurrency have diverged. We tell you what Shiba Inu forecast was given by our interlocutors.
Prospects are not bright, but there are alternatives
Shiba Inu forecast from Bitget crypto exchange CEO Gracie Chen does not imply a significant increase in the coin in April. In her opinion, the coin is under pressure.
Gracie Chen drew attention to the fact that there is an increase in speculative activity in the Shiba Inu network, which our interlocutor explained by market interest in the Shibarium scaling solution. Recall that in mid-March 2023, a scandal erupted in the crypto community. Shibarium developers were accused of stealing the code.
Gracie Chen believes that the launch of the scaling solution “did not have a significant impact on the overall value of the SHIB token”. Shibarium’s troubles and the pressure of general market conditions have limited Shiba Inu’s growth opportunities, according to our interviewee.. At the same time, Gracie Chen advised investors to look at other tokens of the project ecosystem, the dynamics of which, according to her observations, exceeds SHIB. We are talking about Bone ShibaSwap (BONE) and PAW (PAW).
Sergey Potapov, Managing Director of Turov Invest, considered both scenarios – a fall and an increase:
“If the SHIB rate does not fall below $0.00001020 and bounces back from it, then the cryptocurrency may rise to $0.00001400.. If the rate consolidates above the $0.00001400 mark, it will be able to rise to $0.00001650,” Shiba Inu’s forecast for April was given by our interlocutor.
Growth not ruled out
The Shiba Inu forecast from Vekus Mining Development trader-analyst Denis Trapezenko does not exclude the growth of the coin.
“Based on the current pricing, in April 2023, liquidity is expected to be removed from the March 6 low ($0.0000095) and the beginning of a short-term upward pricing, with goals to remove the liquidity pool from the buying side ($0.0000120 – $0.0000140),” Shiba Inu gave this forecast to our source .
Shiba Inu forecast from Denis Trapezenko
Here are the points Denis Trapezenko drew attention to:
- For more than three hundred and twenty days, the price of SHIB has been in a global sideways movement.. After the start of an aggressive markup on January 02, 2023, the price corrected to $0.62–0.705 according to the Fibonacci correction grid.
- Such a correction led to a test of the upper limit of the previous trading range. At the moment, there is a compression with the formation of liquidity on both sides. Horizontal volumes show that the price is below the control point (red line).
- Above the current values, there is a pool of liquidity on the buy side (Pool Liquidity), which may be the reason for the markup. Below is a bullish weekly imbalance FVG 1W ($0.00000881 – $0.00001007) and sell-stop liquidity.
The combination of factors, according to our interlocutor, allows us to give a positive forecast for Shiba Inu.
Dmitry Noskov, an expert at the StormGain crypto exchange, largely agreed with the opinion of Denis Trapezenko. His April Shiba Inu Forecast Also Includes Upside Opportunities. According to our interlocutor, the launch of Shibarium will allow the “dog” to grow by “tens of percent.”
Recall that earlier the editors of BeInCrypto made a bitcoin forecast and an Ethereum forecast for April 2023.